Bullish Pennant pattern for TTI. Confirmed 56,08% possible gains.
Pros:
1- PPS above 50MA and 200MA 2- RS above 0 and climbing 3- R/R ratio above 5 4- 250RSI above 50 and climbing 5- 50MA above 200MA 6- Both 50MA and 200MA ascending 7- Golden cross circled in blue 8- Descending volume during pennant forming 9- Volume during post forming 10- Volume at break out
Cons: 1- ATR flat, less volatile 2- Gap was formed during post. At risk of a gap fill.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.